Liaoning Huaxia Law Firm

Regarding Dalian Refrigeration Co., Ltd.

Two O of the 2018 Annual General Meeting

Legal Opinion

Liaohua Law, upon seeing the words [ 2019 ］ 010 Number

To: Dalian Refrigeration Co., Ltd.

In accordance with the Company Law of the People’s Republic of China (hereinafter referred to as the “Company Law”), the Rules for General Meetings of Listed Companies (hereinafter referred to as the “General Meeting Rules”), the Implementation Rules for Online Voting at General Meetings of Listed Companies of the Shenzhen Stock Exchange (hereinafter referred to as the “Online Voting Rules”), and other relevant laws, regulations, and… Articles of Association of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the “Articles of Association”) In accordance with the relevant provisions, this firm has accepted the engagement of Dalian Refrigeration Co., Ltd. (hereinafter referred to as the “Company”) and assigned attorneys Bao Jingxin and Liu Cuimei to attend the meeting held on 2019 year 5 month 17 The company convened on [date]. 2018 to issue a legal opinion on the legality of the convening and procedural compliance of the Company’s Annual General Meeting, including the qualifications of persons attending the meeting, the qualifications of the convener, as well as the voting procedures and results of the meeting.

The attorneys of this firm consent to the Company’s publication of this legal opinion as a statutory document for the current shareholders’ meeting and undertake legal liability for the opinions expressed herein in accordance with the law.

In accordance with the industry-recognized standards of practice, ethical norms, and the duty of due diligence expected of lawyers, the attorneys of this firm have reviewed and verified all documents and materials provided by the Company that are relevant to the issuance of this legal opinion. Based on such review and verification, we hereby render the following legal opinion:

I. Procedures for Convening and Holding This Shareholders’ Meeting

(1) This shareholders’ meeting of the Company was convened by the Board of Directors, and the notice of the meeting was issued on 2019 year 4 month 20 The notice was published in the China Securities Journal, the Hong Kong Commercial Daily, and the Cninfo website, with the publication date more than twenty days prior to the convening of this shareholders’ meeting. In the notice of the shareholders’ meeting, the company provided clear instructions on the online voting system, the voting period, and the operational procedures.

(2) The on-site session of this shareholders’ meeting was chaired by the Chairman of the Company, and the time, venue, and matters to be considered at the meeting were consistent with those specified in the notice of the meeting.

The company has provided a online voting platform for shareholders through the Shenzhen Stock Exchange trading system, with the online voting period being: 2019 year 5 month 17 Morning 9:30-11:30 , afternoon 1:00-3:00 ; The specific time for online voting via the Shenzhen Stock Exchange’s Internet Voting System is 2019 year 5 month 16 Afternoon 3:00 To 2019 year 5 month 17 Afternoon 3:00 at any time. The timing and method of online voting shall be consistent with the contents of the meeting notice announcement.

Upon verification, the attorneys of this firm are of the opinion that the procedures for convening and holding the Company’s current shareholders’ meeting comply with the provisions of the Company Law, the Rules of the Shareholders’ Meeting, other applicable laws and regulations, and the Company’s Articles of Association.

II. Qualifications of Attendees and the Convenor of This Shareholders’ Meeting

(1) Upon verification, the attendance of shareholders and their proxies at this shareholders’ meeting is as follows:

1 , a total of shareholders and their proxies attended the on-site meeting of this shareholders’ meeting of the company. 11 Name, representing shares 250,965,941 shares, representing the total number of the company’s voting shares 29.76% The attorneys of this firm have verified the identity documents, shareholding certificates, power of attorney letters, the company’s register of shareholders, and other relevant documents and materials of the shareholders and their proxies attending the meeting, thereby confirming that the aforementioned shareholders and their proxies are duly qualified to attend the shareholders’ meeting.

2 , According to the statistical results of online voting provided by Shenzhen Securities Information Co., Ltd., a total of shareholders cast valid votes through the online voting system at this shareholders’ meeting. 1 Individuals collectively hold the company’s shares. Ninety thousand shares, representing the total number of the company’s voting shares 0.01% 。

In summary, a total of ... shareholders and their proxies attended this shareholders’ meeting of the company. 12 Name, representing shares 251,055,941 shares, representing the total number of the company’s voting shares 29.77% 。

(2) In addition to the aforementioned shareholders and their proxies, attendees at this shareholders’ meeting also included certain directors, supervisors, senior management personnel of the Company, and attorneys from our firm.

The attorneys of this firm are of the opinion that the qualifications of the aforementioned persons attending and observing this shareholders’ meeting comply with the provisions of the Company Law, the Rules for Shareholders’ Meetings, and the Articles of Association.

(3) This shareholders’ meeting was convened by the Company’s Board of Directors, and the convener’s qualifications are lawful and valid.

III. Voting Procedures for This Shareholders’ Meeting

(1) Voting Procedure

1 Upon verification by the attorneys of this firm, the matters actually deliberated at this shareholders’ meeting are consistent with the proposals announced by the Company’s Board of Directors, and no amendments were made to the proposals during the course of the meeting. This complies with the relevant provisions of the Company Law, the Rules for Shareholders’ Meetings, and the Company Charter.

2 At the on-site meeting of this shareholders’ general meeting, shareholder representatives, supervisory board representatives, and attorneys from our firm were jointly appointed to conduct the vote-counting and vote-monitoring procedures. The vote-monitoring personnel then tabulated the voting results, which were subsequently announced by the chair of the meeting at the venue, including the voting status and outcomes for each proposal, in full compliance with applicable laws, regulations, and the Articles of Association of the Company.

3 The online voting procedure for this shareholders’ meeting was designed in accordance with the provisions of the Detailed Rules on Online Voting, and the total number of voting rights exercised through online voting as well as the voting results were provided to the Company by Shenzhen Securities Information Co., Ltd., thereby complying with applicable laws and regulations.

In summary, the attorneys of this firm are of the opinion that the voting procedures for this shareholders’ meeting comply with the relevant provisions of the Company Law, the Rules on Shareholders’ Meetings, and the Articles of Association.

(II) Voting Results

At this shareholders’ meeting, the following proposals were reviewed and approved item by item:

1 , the Company’s Board of Directors 2018 Annual Work Report;

2 , the Company’s Supervisory Board 2018 Annual Work Report;

3 , Company 2018 Annual Financial Settlement Report;

4 , Company 2018 Annual Profit Distribution Plan Report;

5 , Company 2018 Annual report;

6 , Regarding the Authorization of the Company’s Chairman and Management Team 2019 Report on the Annual Application for Bank Credit Lines and Loan Limits;

7 , About the Company 2019 Report on the Estimated Annual Routine Related-Party Transactions;

8 , Regarding the Hiring of the Company 2019 Report of the annual auditing firm;

9 Report on Amendments to the Company Charter.

All of the aforementioned proposals were approved by a majority of the valid voting rights held by shareholders present at the meeting, with the first one 7 The proposal involves related-party transactions; the related shareholders recused themselves from voting, and their voting rights were not included in the total number of valid votes.

Upon verification, the attorneys of this firm are of the opinion that the voting procedures for the Company’s current shareholders’ meeting comply with the provisions of the Company Law, the Rules of the Shareholders’ Meeting, the Detailed Rules on Online Voting, and other applicable laws, regulations, normative documents, as well as the Company’s Articles of Association, and that the results of the vote are lawful and valid.

IV. Concluding Remarks

In summary, the attorneys of this firm are of the opinion that the convening and conduct of the Company’s current shareholders’ meeting comply with the provisions of the Company Law, the Rules for Shareholders’ Meetings, the Detailed Rules on Online Voting, and other applicable laws, regulations, normative documents, as well as the Company’s Articles of Association; that the qualifications of the attendees and the convener of the meeting are lawful and valid; and that the voting procedures and voting results of the meeting are lawful and valid.

(This page contains no substantive text; it is part of the “Liaoning Huaxia Law Firm’s Opinion Regarding Dalian Refrigeration Machinery Co., Ltd.” 2018 Signature Page of the Legal Opinion on the Annual General Meeting

Liaoning Huaxia Law Firm (Seal)               Handling Attorney (Signature):

Person in Charge (Signature):                           Bao Jingxin:               

Jiang Hui:                                    Liu Cuimei:               

May 17, 2019